FinTech Futures: Top five stories of the week – 17 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
KPMG
Global fintech investment drops 31% in 2022 from record 2021 high
Despite the drop, it was still the third-best year for fintech investment ever.
How to deliver effective transformation with fintechs
Banks are increasingly interested in partnering with B2B fintechs to enable quicker digital transformation.
KPMG and Microsoft partner to deliver cloud-based tax technologies
KPMG says its Digital Gateway platform, in collaboration with Microsoft, is “built with the C-suite in mind”.
It’s time for banks to take responsibility for their ESG data
In the wake of COP26 last year, the ESG regulatory agenda is advancing at pace.
Sibos 2020: Industry has widespread “dissatisfaction” with transaction monitoring
Costs, compliance and confusion need to be solved by new technology, says panel.
MUFG Union Bank appoints Devon Bryan as new CISO
Bryan arrives at the bank from a CISO role at KPMG.
Wirecard shares plummet as it announces €1.9bn of missing cash
EY couldn’t find the cash balances — which represent roughly a quarter of its balance sheet.
Al Alam enters liquidation following KPMG’s Wirecard audit
The firm is central to whistleblower claims that Wirecard fraudulently inflated sales & profits.
KPMG’s Wirecard audit fails to verify payments processing profits
Six-month investigation into the German firm encounters stumbling blocks.
UK fintech global investor figures for 2019 propped up by Worldpay deal
88% of the figure is made up of the Worldpay mega deal.
Australia’s Commonwealth Bank to back 25 start-ups
Home-In and Vonto are the first two Aussie start-ups to join the incubator.
Appian Europe 2019: KPMG says banks’ digital literacy is “very low”
KPMG says 80% of bank employees don’t know what unstructured data is.
India takes over China for number of fintech deals in Q2
Fintech deals in China fell 81% in Q2.
AdviceRobo launches PSD2 robot for credit decisions
The AI-prediction model uses transactional data.
Abu Dhabi Launches its First Fintech Innovation Challenge for Startups
Abu Dhabi Global Market and KPMG are launching the first Fintech Abu Dhabi Innovation Challenge—a five-week program for “innovative and mature startups across the globe,” with a chance to win $15,000 in prize money.
